ITR Form for LLP Partner/Director
This query is : Resolved
31 December 2020
Hi,
I am a partner and a director in an LLP. I do NOT derive any salary or interest from the LLP. My sources of income are rental income from more than 1 property ( one of these properties is rented to the LLP), interest from bank, Capital Gains from mutual funds. LLP made loss in FY19-20. What ITR form do I need to file for personal income tax and is there anything I reflect the loss of LLP in my personal ITR ?
Thank You
Raju
I am a partner and a director in an LLP. I do NOT derive any salary or interest from the LLP. My sources of income are rental income from more than 1 property ( one of these properties is rented to the LLP), interest from bank, Capital Gains from mutual funds. LLP made loss in FY19-20. What ITR form do I need to file for personal income tax and is there anything I reflect the loss of LLP in my personal ITR ?
Thank You
Raju
CA R SEETHARAMAN
(Expert)
31 December 2020
File ITR 3 parner has to file ITR 3. Loss from LLP may be carried forward in LLP itself.
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